Inflation fears are fuelled as headline CPI rate surges to 3.2% in August
Inflation fears are fuelled as headline CPI rate records biggest monthly surge EVER to 3.2% in August - but experts say Rishi's Eat Out scheme last summer has warped figures CPi inflation rate records biggest monthly rise to reach 3.2 per cent in August The level is far above Bank of England's long-term target for CPI of 2 per cent Experts say some of rise is down to the Eat Out scheme introduced last summer
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Inflation fears were fuelled today as the headline CPI rate recorded its largest jump ever in August to 3.2 per cent.
The consumer prices index rose above the expectations of analysts to reach its highest level for more than nine years.
The rate is far above the 2 per cent target set by the Bank of England, which has insisted the spike will be temporary.
Experts have pointed to the warping effects of Rishi Sunak's Eat Out to Help Out scheme, which slashed prices last summer.
The Office for National Statistics suggested the discounts a year ago had added 0.3 percentage points to the increase. But petrol and used car prices
